RubinBrown Public Sector Stats 2015

First page Table of contents Previous page 6 Next page Last page

Denver Metropolitan Area

31 NUMBER OF

81,000 AVERAGE POPULATION

6.6% AVERAGE CHANGE IN NET POSITION

MUNICIPALITIES

Unrestricted General Fund Balance as a % of Revenue (average – all cities)

The 2014 results for the municipalities surveyed in the Denver region indicate conditions improved quite considerably compared to 2013. The average increase in net position for Denver municipalities increased to 6.6% in 2014 compared to 3.0% in 2013. Of the 31 municipalities surveyed, only 1 (or 3%) reported a decrease in net position in 2014 as compared with the 19% of Denver municipalities that reported a decrease in net assets in 2013. Tax revenue per capita for Denver municipalities on average increased 3.6% during the past year, from $925 in 2013 to $958 in 2014. On top of this increase in revenues, expenses per capita increased only 1.2% on average. Another important indicator is how much debt the region is taking on. Long-term debt per capita in the Denver region (which excludes pension and other non-bonded debt) decreased slightly in 2014. Finally, the general fund’s unrestricted fund balance as compared to revenues has fluctuated significantly over the past 5 years, with a considerable improvement this past year.

33.0%

2010

32.2%

2011

34.0%

2012

32.9%

2013

36.6%

2014

30.0% 35.0% 40.0%

Average Dollars Per Capita

$1,500

$1,248

$1,228

$1,214

$1,187

$1,141

Tax Revenue Expenses Total Debt

$966

$958

$1,000

$925

$897

$872

$951

$749

$744

$844

$746

$500